When it comes to renting a property, it’s essential to have a written agreement in place to protect both the tenant and landlord. In Ontario, the Residential Tenancies Act (RTA) governs most residential rental agreements. As we approach the year 2020, it’s important to know what changes may be taking place in the residential tenancy agreement in Ontario.
The most significant change taking place in 2020 is the removal of the rent increase guideline. In previous years, landlords in Ontario were only allowed to increase rent by a specific percentage, determined each year by the government. However, in 2019, the government of Ontario announced that they would be removing this guideline, which means that landlords will now be able to increase rent by any amount they choose.
This change has caused concern among some tenants who worry that they will be priced out of the rental market. However, it’s important to note that landlords are still required to follow the rules outlined in the RTA, which includes providing proper notice before increasing rent and not increasing rent more than once a year.
Additionally, the RTA now requires landlords to provide tenants with a standard lease agreement. This agreement must be signed by both the landlord and tenant, and it outlines the rights and responsibilities of both parties. Landlords are no longer allowed to use their own lease agreements unless they meet specific criteria outlined by the government.
Other changes to the RTA include stronger protections for tenants against illegal evictions and the ability for tenants to request a rent reduction if their landlord fails to maintain the property adequately.
As a tenant in Ontario, it’s important to understand your rights under the RTA and to ensure that any rental agreement you sign complies with these regulations. If you have questions or concerns about your rental agreement, it’s recommended that you seek legal advice from a licensed professional.
In conclusion, the residential tenancy agreement in Ontario will see significant changes in 2020, including the removal of the rent increase guideline and the introduction of a standard lease agreement. With these changes, both tenants and landlords will need to be aware of their rights and responsibilities under the RTA to ensure a fair and successful rental experience.
